Affordable Lexington Lexus LX 570 Insurance

Insurance for Lexus LX 570It’s shocking but nearly 70% of consumers kept their coverage with the same insurance company for a minimum of four years, and about 40% of consumers have never compared rates with other companies. Many consumers in the United States could pocket approximately $860 a year just by comparing rates, but they won’t spend time to go online and compare rates.

The easiest way to find the cheapest price for Lexus LX 570 insurance is to regularly compare quotes from insurers in Lexington. Prices can be compared by following these guidelines.

  1. Read and learn about how insurance works and the factors you can control to prevent rate increases. Many rating factors that drive up the price like accidents, traffic tickets, and a not-so-good credit history can be remedied by paying attention to minor details.
  2. Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from one company like GEICO and State Farm, while independent agents can quote rates for a wide range of insurance providers. Compare rates
  3. Compare the new rates to your current policy to see if you can save by switching companies. If you can save some money and switch companies, make sure coverage does not lapse between policies.
  4. Provide notification to your current agent or company to cancel your current policy and submit a down payment along with a signed application to the new company. Once coverage is bound, put the certificate of insurance above your visor, in the console, or in the glove compartment.

A good tip to remember is to make sure you enter similar coverage information on each quote request and and to get rates from as many car insurance companies as possible. This provides a fair rate comparison and many rates to choose from.

The majority of larger companies allow consumers to get coverage price quotes online. Comparing prices online for Lexus LX 570 insurance in Lexington can be done by anyone because it’s just a matter of typing in your required coverages as detailed in the form. When the form is submitted, the company’s rating system sends out for credit information and your driving record and gives you a price quote based on many factors. Quoting online for Lexus LX 570 insurance in Lexington makes comparing rates easy, and it’s also necessary to do this in order to get the cheapest price.

In order to find out if lower rates are available, check out the car insurance providers below. If you have your current policy handy, we recommend you replicate the coverages exactly as they are listed on your policy. This ensures you will get comparison quotes based on the exact same insurance coverage.

The providers in the list below are our best choices to provide free quotes in Kentucky. If you wish to find cheap auto insurance in Lexington, we suggest you visit several of them in order to find the cheapest rates.

Discounts can help to save on Lexus LX 570 insurance in Lexington

Auto insurance companies don’t always publicize the complete list of policy discounts in a way that’s easy to find, so we break down a few of the more well known and the harder-to-find credits available to bring down your rates.Auto insurance discounts

Drivers should understand that most credits do not apply to the entire cost. Most only apply to individual premiums such as comp or med pay. So even though you would think all those discounts means the company will pay you, nobody gets a free ride.

The example below shows the difference between Lexus LX 570 auto insurance rates with and without discounts applied to the rates. The costs are based on a female driver, no driving violations, no at-fault accidents, Kentucky state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, multi-car, safe-driver, and homeowner discounts applied.

If you would like to view companies that offer the discounts shown above in Lexington, follow this link.

Rate information and statistics

The premium table displayed below showcases a range of insurance costs for Lexus LX 570 models. Having a good understanding how car insurance premiums are formulated can help customers make informed decisions when comparing rate quotes.

Lexus LX 570 Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LX 570 4WD 4-Dr $448 $852 $334 $20 $100 $1,754 $146
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Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Table data does not factor in specific zip code location which can impact price quotes noticeably.

Analysis of deductible levels

One frequently asked question is the level to set your comp and collision deductibles. The premium rates below sum up the rate differences of buying low and high physical damage deductibles. The first pricing table uses a $250 comprehensive and collision deductible and the second set of rates uses a $1,000 deductible.

Lexus LX 570 insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LX 570 4WD 4-Dr $414 $728 $326 $20 $98 $1,611 $134
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Lexus LX 570 insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LX 570 4WD 4-Dr $256 $458 $326 $20 $98 $1,158 $97
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Prices do not factor in vehicle location which can influence premiums significantly.

Using the data above, we can ascertain that using a $250 deductible will cost you about $37 more each month or $444 for a full year than requesting the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 20 months between claim filings, you would most likely save money by selecting a higher deductible.

How much more does full coverage cost?

The illustration below compares Lexus LX 570 insurance costs when comparing full coverage to state minimum liability only. The premium estimates are based on no accidents or driving violations, $500 deductibles, drivers are single, and no discounts are applied to the premium.

Are you wasting money paying for full coverage?

There is no definitive rule to stop paying for full coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s pretend your Lexus LX 570 book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $3,000 after paying the physical damage deductible. If you are paying over $300 annually for physical damage coverage, the it may be a good time to stop paying for full coverage.

There are some scenarios where eliminating full coverage is not recommended. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not drop full coverage.

How You Can Control Lexus LX 570 Insurance Costs

Many factors are taken into consideration when you get your auto insurance bill. Most are fairly basic such as your driving record, but others are not as apparent like your vehicle usage or your commute time. It’s important that you understand some of the factors that are used to determine insurance rates. When consumers understand what controls the rates you pay, this enables informed choices that could result in cheaper rates.

The following are some of the items used by companies to determine your rate level.

See if your company offers a multi-policy discount – Some insurers apply lower prices to buyers who carry more than one policy in the form of a multi-policy discount. Discounts can be 10 percent or more. Even with this discount applied, it’s in your best interest to check prices from other companies to confirm you are receiving the best rates possible.

Gender and auto insurance costs – Over time, data shows women are more cautious behind the wheel. It does not mean women are BETTER drivers than men. Women and men get in at-fault accidents at about the same rate, but the males get into accidents with more damage. Men also statistically get more serious tickets like DWI (DUI) or reckless driving.

The illustration below compares Lexus LX 570 insurance rates for male and female drivers. The rates are based on no accidents or driving violations, full coverage, $500 deductibles, drivers are single, and no policy discounts are applied.

Premiums are high for teenagers – Older insureds are more responsible, tend to cause fewer accidents, and usually have better credit. Inexperience drivers are statistically proven to be careless and easily distracted when driving with friends so insurance rates are higher.

The following chart uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

Responsible drivers pay better prices – A bad driving record impacts premiums far more than you think. Only having one speeding ticket can boost insurance rates by as much as thirty percent. Careful drivers get better rates than bad drivers. Drivers who get severe violations such as DWI, reckless driving or hit and run convictions may find that they have to to maintain a SR-22 with their state’s department of motor vehicles in order to legally drive a vehicle.

The illustration below shows how violations and accident claims increase Lexus LX 570 insurance rates for different age groups of insureds. The price estimates are based on a married male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

Long commutes cost more – The more miles you rack up on your Lexus in a year’s time the higher the price you pay to insure it. Many insurance companies rate vehicles determined by how the vehicle is used. Cars that do not get driven very much qualify for better rates than those that get driven frequently. Make sure your insurance declarations sheet is rated on annual mileage. Having the wrong rating on your LX 570 can cost quite a bit.

Lexus LX 570 historical loss data – Insurance companies use past insurance losses when they file their rates in each state. Vehicles that the statistics show to have higher claim frequency or loss amount will be charged more to insure. The table below outlines the actual insurance loss data for Lexus LX 570 vehicles.

For each coverage type, the claim amount for all vehicles, regardless of manufacturer or model, is a value of 100. Percentage numbers below 100 indicate better than average losses, while numbers above 100 indicate higher probability of having a loss or an increased chance of larger losses than average.

Lexus LX 570 Insurance Loss Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Lexus LX 570 4dr 4WD 140 96 217 49

Empty fields indicate not enough data collected
Statistics from for 2013-2015 Model Years